Bitcoin rose again last week. After the U.S. CPI news, the crypto firstborn reached $93,000 on Nov. 13.
After hitting an all-time high over $93,000, Bitcoin's market value rose past $1.83 trillion, surpassing Saudi Aramco in worth.
Bitcoin consolidated over $90,000 despite the drop. MicroStrategy Chairman and Bitcoin bull Michael Saylor expected a $100,000 gain amid the range-bound.
Though the market rise slowed, several meme currencies spiked rapidly. As prices reached $0.43, Dogecoin, the original joke currency, reclaimed the $60 billion market value.
On Nov. 13, Robinhood and Coinbase announced intentions to list Pepe, sending the frog-themed joke currency up 42%. PEPE peaked at $0.00002597 the next day.
Investors who sued Tesla CEO Elon Musk for Dogecoin price manipulation withdrew.
Dogecoin rallied last week due to the optimistic market and U.S. politics.
Trump established the Department of Government Efficiency on Nov. 13. Musk and Republican Vivek Ramaswamy's agency is anticipated to slash $2 trillion in government expenditures.
FTX, a bankrupt exchange, sued Binance and former CEO Changpeng Zhao.
According to the complaint, the FTX estate wants $1.76 billion that Zhao and other Binance executives fraudulently bought from former CEO Sam Bankman-Fried.
SEC Chair Gary Gensler sent a message last week urging the cryptocurrency business to follow federal regulations, which many industry executives fear might lead to his departure.
Trump pledged to terminate Gensler on day one.
Last Monday, 18 Republican attorneys general sued the securities agency and its Chairperson for “unconstitutional overreach” in the crypto business.
The U.S. DoJ investigated Polymarket after the presidential election and its huge bet volume.
The FBI searched Polymarket CEO Shayne Coplan's house as part of the investigation. Federal investigators grabbed Coplan's phone without explanation.
In certain cases, U.S. election betting is permitted, although the CFTC prohibits it. Polymarket users mostly utilize cryptocurrencies, enabling anonymity.
Global regulatory changes occurred last week. According to insiders, British officials were considering stablecoin and staking laws by December amid Trump's pro-crypto rhetoric.
The Crypto Market Integrity Coalition requested Congress to regulate cryptocurrencies in the U.S.
Pennsylvania has introduced a plan to establish a national Bitcoin reserve as the Trump administration hints at it. The government may invest in BTC if the measure passes.
